40 Merimbula Drive, Merimbula NSW 2548

This property presents an enticing development opportunity in the heart of Merimbula CBD. key features and potential:

Location: Situated in the prime location of Merimbula CBD, the property offers convenient access to amenities and services, making it highly desirable for potential residents or tenants.

Zoning: Zoned R3, the property is suitable for multi-dwelling housing developments. This zoning encourages and supports the construction of townhouses or villas, providing flexibility in design and catering to various market preferences.

Previous Approval: The property has previously been approved for an 8-unit townhouse development, indicating its suitability for similar projects. While this approval may have lapsed, it serves as a valuable precedent and can streamline future development applications.

Development Potential: With a level allotment spanning 2074 m2 and an additional 256 m2 approximate workshop/showroom, the property offers ample space and flexibility for development. This versatility opens up opportunities for mixed-use developments or additional amenities, enhancing its appeal to potential buyers or tenants.

Market Demand: Given the ongoing demand for housing in desirable locations like Merimbula, there is likely strong interest in well-designed multi-dwelling units. Conducting market research to understand specific demographic preferences and housing needs can inform development plans and maximize returns.

Infrastructure and Services: Ensuring that essential infrastructure such as water, electricity, sewage, and transportation access can adequately support the proposed development is crucial. Assessing the availability and capacity of these services will help mitigate potential challenges during the construction and operation phases.

In summary, this property presents an attractive opportunity for developers or investors looking to capitalize on the demand for multi-dwelling housing in Merimbula CBD. With its prime location, zoning, and development potential, it has the makings of a lucrative investment that can contribute positively to the local community.